Bankruptcy services

Bankruptcy services

Our company offers high-quality legal services across various areas of bankruptcy law. Our team provides assistance in insolvency cases throughout the Republic of Armenia. While Armenia’s only Insolvency Court is located in Yerevan, court sessions are also held in other cities, such as Gyumri, Vanadzor, and Kapan, to increase accessibility.

Expertise in Representing Creditors and Debtors

Our lawyers have extensive experience representing both creditors, including secured creditors, and debtors in insolvency proceedings. The complexity of insolvency legislation, strict procedural deadlines, and the involvement of an insolvency administrator make it challenging for individuals to effectively safeguard their interests without professional guidance. We highly recommend engaging an experienced lawyer from the onset of an insolvency case to ensure comprehensive legal protection.

Addressing Misuse of Insolvency Proceedings

There are instances where indebted companies intentionally declare insolvency to avoid fulfilling obligations or artificially prolong the process through formal rehabilitation programs to delay creditor repayment. Our team is well-versed in both bankruptcy and criminal law and is equipped to protect your interests by leveraging criminal law measures when necessary.

Our Specialists

Tatevik
Tatevik Malkhasyan
  • Director of the company, Attorney
Edgar
Edgar Ayvazyan
  • Partner, Attorney
Arpine
Arpine Gevorgyan
  • Corporate Department Lawyer, Attorney
Kristina
Kristina Sardaryan
  • Corporate Department Lawyer, Attorney, PhD in Law

Latest Related Cases

Lawyers
Victory in a Labor Case Against “Veeam Armenia” LLC
tatevik
Illegitimacy actions of the border troops of the National Security Service of the Republic of Armenia were recognized as illegal
Cassation-by-Decision-No-48-10.06.2021
The Court of Cassation Rejected the Cassation Appeal of the RA Prosecutor General A. Davtyan Against Our Client. LSA Won Another Victory, This Time by Decision of the Court of Cassation by Decision No. 48/10.06.2021
arabkir-Municipality
The Anti-Corruption Court of the Republic of Armenia rejected the motion for arrest filed by our client

Frequently Asked Questions

How can you separate your share in shared property?
The common property between the participants of shared property can be divided by agreement between the shareholders on the means and conditions for separating the share, or in the absence of an agreement - by court order. The separating owner can demand that the other participants of the shared property pay the value of his share. Instead of separating the participant's share in shared ownership in-kind, the other owners can pay compensation to that participant with the consent of that participant. In case of the obvious inexpediency of dividing the common property or separating a share from it, the court may rule on selling the property at public auction and subsequently distributing the proceeds among the participants of common ownership in proportion to their shares. The joint property can be divided between co-owners by their agreement, or in the absence of an agreement - by court order.
What property is considered joint property of spouses and what property is subject to division in case of divorce? Can the joint property of spouses be seized for the obligation of one of the spouses?
The property acquired by the spouses during a marriage is their joint property unless otherwise provided by law or by an agreement signed between them. The property of each spouse before marriage, as well as the property received by one of the spouses as a gift or inheritance during the marriage, is their property. The property of each spouse may be recognized as their joint property if it is found that investments were made during the marriage from the common property of the spouses or the personal property of the other spouse, which significantly increased the value of that property (major repairs, reconstruction, re-equipment, etc.) unless otherwise provided by an agreement signed between the spouses. The obligations of one of the spouses may be subject to seizure of the property owned by them, as well as his/her share in the common property of the spouses. In case of divorce, only joint property is subject to division between the spouses.
What rights does an acquitted defendant have and what damages are subject to compensation by the state?
An acquitted defendant has the right to demand compensation for damage caused by illegal criminal prosecution, application of coercive measures, conviction, as well as other illegal restrictions on rights or freedoms. As compensation, the acquitted defendant has the right to receive: 1. The salary, pension, allowance, or other income he was deprived of. 2. The damage caused by seizure, arrest, confiscation, or other disposal of property. 3. The expenses incurred as a result of being in custody. 4. The fee paid to a lawyer. 5. The paid procedural costs. At the request of the acquitted defendant, the body that initiated the criminal prosecution must present public apologies to him/her. Non-pecuniary damage is also subject to compensation, regardless of the pecuniary damage subject to compensation and regardless of the guilt of an official in causing the damage.
What to do if you are illegally dismissed from work? How to protect labor rights?
The rights of both the employer and the employee are protected in the Republic of Armenia. If you have been notified of dismissal from work on the employer’s initiative, first demand an individual act on termination of the employment relationship. The employment relationship is not considered terminated until the individual act on your dismissal is provided to you in the prescribed manner. Labor legislation and other normative legal acts regulating labor relations establish a special procedure for terminating employment relations, non-compliance with which or violations committed by the employer during the process may serve as grounds for declaring the termination of the employment relationship illegal. To protect your labor rights in such situations, consult with a labor relations lawyer. Remember, the legislation establishes deadlines for administrative and judicial protection of labor rights, failure to meet them without a valid reason may deprive you of the opportunity to protect your rights.
Testimonials

See What Our Happy Clients Say

Within the framework of various cases, we have collaborated with the “LSA” law firm, and each time we have received effective and accessible consultation, and prompt responses for resolving issues of any complexity.
Tigran

Tigran Karapetyan

Director "SOFT PAPYRUS" HYGIENE PRODUCTS MANUFACTURING COMPANY
The law firm “LSA” stands out with its skills in providing innovative proposals and solutions to resolve issues. Our company highly appreciates the work done by the law firm “LSA”, taking into account the high-quality legal services provided to us by them in the field of intellectual property rights protection.
Narek

Narek Ter-Avetisyan

Director "SMART PRODUCTION" LLC
I had the pleasure of working with Saradaryan and Partners LSA, specifically Arsen Saradayan and Tatev Malkhasyan, for my real estate transactions, and I couldn’t be happier with their services. They were incredibly knowledgeable, professional, and dedicated throughout the entire process.
Firas

Firas Georges

Investor from UAE
We have been using LSA company’s legal and accounting services for almost two years now. We are impressed by the high qualifications of the lawyers, the excellent level of service, and the responsiveness of the employees.
Konstantin

Konstantin Gorshkov

Mentat IT Group
By contacting the LSA law firm for various legal issues, I have consistently received quick and effective solutions, and I have also had the opportunity to benefit from their judicial defense and achieve victory.
Vahe

Vahe Ghazaryan

CJS"EUROTERM" CJSC General Manager
I have been effectively collaborating with “LSA” law firm, particularly with Arsen Sardaryan, for a year and a half now. I highly appreciate Arsen Sardaryan’s professional skills and professionalism. I am confident that our effective cooperation will continue at the same high level.
Jalal

Jalal Harutyunyan

Former head of the military control service of the RA Ministry of Defense
I have been working with LSA Law Firm for quite long time now. They are top-level professionals—dedicated and skilled. I can highlight two things about LSA: excellent service and high professionalism.
Samvel

Samvel Sinanyan

General Director of the “ADVENTURES” Travel Agency
In the provision of legal services, it is important for a company to not only be professional but also to communicate effectively, understand the client, and be committed to helping. The “LSA” law firm stands out precisely for this approach—a combination of professionalism and effective communication—which left a strong impression on me. They are always focused on understanding and resolving even the most complex issues.
Vahram

Vahram Mirakyan

Founder and Director of “Mantashyants Entrepreneurs’ Club” CJSC
Extremely experienced and highly skilled lawyers with a strong track record of successful cases. Their consultation was outstanding; they are honest and realistic, never overpromising or taking on a case unless they are confident in their ability to achieve a positive outcome.
karen

Karen Khondkaryan

Co-founder of “Ardos Media” LLC
I use the services of LSA Law Firm and must say that I am impressed by their high-level professional approach and efficient working style. The clear and practical advice provided by the company offers precise solutions to any complex issue in a short time. Without a doubt, I highly recommend LSA as an experienced and reliable legal partner in Armenia.
karapet

Karapet Tumanyan

Director of “DEMO DREAMS CONSTRUCTION” LLC
I'm impressed with the excellent service from LSA law firm in handling my lawsuit. Mr. Sardaryan and Mrs. Malkhasyan showed exceptional analytical skills and integrity throughout. Their communication and responsiveness were outstanding, keeping me well-informed and addressing my questions promptly. I highly recommend this firm for legal assistance in Armenia.
adam

Adam Bdoyan

CEO of charging station company "NYTSTND"